WTI, Brent Drop as Demand Concerns Outweigh Geopolitical Tensions

Brent and WTI oil dropped around 4% on Monday after Saudi Arabia discounted a key benchmark price for oil heading to Asia as increased competition, lower demand take effect

from DailyFX – Market News https://bit.ly/3TTpbHg
via IFTTT

Bitcoin (BTC/USD) Pumping Higher as SEC ETF Deadline Nears

Bitcoin is trading on either side of $45k and nears levels last seen 21 months ago as ETF hype continues.

from DailyFX – Market News https://bit.ly/3vm7VQu
via IFTTT

FX Focus: DXY and GBP/USD in the Spotlight Ahead of CPI and GDP Prints

The US dollar index and particularly cable demand attention this week ahead of US inflation and UK GDP data. The greenback’s sluggish start to the week entertains bearish potential

from DailyFX – Market News https://bit.ly/4aMxtXc
via IFTTT

FTSE 100, DAX 40 and Nasdaq 100 Hold above Last Week’s Lows

Outlook on FTSE 100, DAX 40 and Nasdaq 100 ahead of US CPI and start of earnings season.

from DailyFX – Market News https://bit.ly/3TNwG2p
via IFTTT

Gold Price Update: XAU/USD Testing Recent Lows, Geopolitical Tensions Remain

Gold starts the week on the backfoot despite ongoing tensions in the Red Sea. US rate expectations still suggest six cuts this year but Thursday’s US inflation report may test this forecast.

from DailyFX – Market News https://bit.ly/3SjO3Xz
via IFTTT